Modeling model selection in model pluralism
Year: 2018
Type: article
Abstract: In his recent book, Rodrik [(2015). Economics rules. Why economics works, when it fails, and how to tell the difference. Oxford University Press] proposes an account of model pluralism according to which multiple models of the same target are acceptable as long as one model is more useful for one purpose and another is more useful for another purpose. How, then, is the right model for the purpose selected? Rodrik roughly outlines a selection procedure, which we formalize to enhance understanding of his account of model pluralism and to advance the critical discussion.
Source: Journal of Economic Methodology
Authors: Till Grüne-Yanoff, Caterina Marchionni
Institutions: KTH Royal Institute of Technology, University of Helsinki
Language: English
Subfield: History and Philosophy of Science
Field: Arts and Humanities
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W2884419804